Mention the sources pf income of municipal corporation?
Answers
A municipal corporation, city corporation, Mahanagar Palika, Mahanagar Nigam or Nagar Nigam or Nagara Sabha is a local government in India that administers urban areas with a population of more than one million. The growing population and urbanization in various cities of India were in need of a local governing body that can work for providing necessary community services like health care, educational institution, housing, transport etc. by collecting property tax and fixed grant from the State Government.
The 74th Amendment made the provisions relating to urban local governments.[1]
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Answer:
Its sources of income are taxes on water, houses, markets and vehicles (commercial only)paid by residents of the town and grants from the state government.